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Who are the auditors of Macy’s? All you need to know about luxury fashion store’s $154 million accounting issue
Macy’s is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting documents to conceal between $132 million and $154
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Macy’s announces $154 million accounting issue
Macy’s reported weaker-than-expected preliminary sales for the fiscal third quarter and delayed the release of its quarterly earnings results after discovering an accounting-related issue.
6 Things to Know About Macy’s $100 Million Accounting Issue
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot of questions.
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A Macy’s employee made accounting errors ‘intentionally,’ hiding up to $154 million in expenses. Now the company’s earnings report is delayed
The Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.
Macy’s delays full Q3 report over millions in fraudulent expense accounting
Starting in 2021 an employee hid $132 million to $154 million in delivery expenses, a disclosure overshadowing an otherwise decent quarter.
Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in delivery expenses over several years, prompting